ReleaseWire Connect

MEMC Electronic Materials Inc. (NYSE:WFR) received a "Buy" Rating from Citigroup. WFR also announced financial results for the 2012 fourth quarter and full year that reflected ongoing challenges and volatile market dynamics in both of its business segments. Relative to the prior quarter, Solar Energy segment revenue growth was largely driven by higher solar project sales, while Semiconductor Materials segment revenue fell due to an on-going industry downturn.

Micron Technology Inc. (NASDAQ: MU) announced that the Chinese Ministry of Commerce has given antitrust clearance for Micron's previously announced proposed acquisition of Elpida. China's approval was the last remaining antitrust pre-merger clearance required for completion of the transaction. Pre-merger approvals were previously obtained from the United States, Czech Republic, Japan, South Korea, Singapore and Taiwan.

Regen BioPharma a wholly-owned subsidiary of Bio-Matrix Scientific Group Inc. (OTC Pink: BMSN), announced last week the filing of an Investigational New Drug (IND) application with the FDA to initiate clinical trials assessing the company's HemaXellerate I™ stem cell drug in patients with drug-refractory aplastic anemia.

Sealed Air Corporation (NYSE: SEE) announced financial results for fourth quarter and full year 2012. Net sales for the fourth quarter 2012 totaled $2 billion. Adjusted EPS was $0.34 for the fourth quarter and Adjusted EBITDA for the quarter was $267 million or 13.5% of net sales. On a reported basis, net loss was $(10.9) million, or $(0.06) per share.

AMR Corporation (OTCQB: AAMRQ), the parent company of American Airlines, Inc., and US Airways Group, Inc. (LCC) announced last week that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine to create a premier global carrier, which will have an implied combined equity value of approximately $11 billion based on the price of US Airways' stock as of February 13, 2013.

Reliant Financial Services Corp. (OTC Pink: RFNS) stock is trading at $0.01, down 21.69 percent from its previous close. The stock has traded 689K shares so far. Reliant Financial Services is currently in the bearish phase and the stock may tumble down t $0.0075 in the coming trading sessions. Upon breaching this level, the stock may go down to $0.0060.

Bank of America Corporation (NYSE: BAC) traded in the range of $12.06 and $12.31 during its latest trading session. The stock had opened at $12.10 and is at $12.28, up 2.10 percent from its previous close of $12.03. Bank of America has traded 91.429 million shares so far and its MACD chart shows mildly bullish trend. The stock may go as high as $12.45 level in the coming trading sessions. Its first support level is at $12.15.

Atmel Corporation (NASDAQ: ATML) traded in the range of $7.22 and $7.39 during its latest trading session. The stock had opened at $7.25 and is at $7.29, up 1.60 percent from its previous close of $7.18. Atmel Corporation recorded the volume of 4.324 million shares. Its average daily trading volume stands at 6.27 million shares. Its MACD chart shows bullish trend and the stock may go as high as $745 in the coming sessions. Its first support level stands at $7.15, breaching this level, the stock may tumble to $7.09.

Entest Biomedical Inc. (OTC Pink: ENTB) stock is at $0.01, up 38.36 percent from its previous close of $0.01. The stock shows bullish trend as it made the up move with trading volume of 56.315 million shares, in contrast to the average daily trading volume of 905k shares. Its bullish trend is further confirmed by its MACD chart. The stock may go as high as $0.02 in its coming trading sessions. Its second resistance level is at $0.03.

MediSwipe Inc. (OTCQB: MWIP) opened at $0.10 and oscillated in the range of $0.10 and $0.11 in the latest trading session. It is at $0.10, up 3.88 percent from its previous close of $0.10. MediSwipe Inc. shows bullish trend and the stock’s first resistance level is at $0.11. Upon breaching this level, the stock may touch $0.12. On the downside, it may slip to $0.09. The stock has traded 6.726 million shares so far, while its regular daily volume stands at 17.014 million shares.